vs
Antero Midstream Corp（AM）与ProPetro Holding Corp.（PUMP）财务数据对比。点击上方公司名可切换其他公司
Antero Midstream Corp的季度营收约是ProPetro Holding Corp.的1.0倍（$291.1M vs $289.7M），Antero Midstream Corp同比增速更快（-7.3% vs -9.6%），过去两年Antero Midstream Corp的营收复合增速更高（3.9% vs -15.5%）
Antero Midstream Corp是美国能源企业，注册地为特拉华州，总部设于科罗拉多州丹佛市。公司全部油气储量均位于阿巴拉契亚盆地，采用水力压裂技术开采，核心业务涵盖油气勘探开发相关领域。
ProPetro Holding Corp.是一家总部位于美国的油田服务供应商，主要为陆上油气勘探开采企业提供水力压裂、完井及相关配套服务，核心业务集中在横跨德克萨斯州和新墨西哥州的二叠纪盆地。
AM vs PUMP — 直观对比
营收规模更大
AM
是对方的1.0倍
$289.7M
营收增速更快
AM
高出2.3%
-9.6%
两年增速更快
AM
近两年复合增速
-15.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.1M | $289.7M |
| 净利润 | $120.7M | — |
| 毛利率 | — | — |
| 营业利润率 | 60.9% | 2.1% |
| 净利率 | 41.5% | — |
| 营收同比 | -7.3% | -9.6% |
| 净利润同比 | 2.1% | — |
| 每股收益（稀释后） | $0.25 | $0.01 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AMPUMP
| Q1 26 | $291.1M | — | ||
| Q4 25 | $297.0M | $289.7M | ||
| Q3 25 | $294.8M | $293.9M | ||
| Q2 25 | $305.5M | $326.2M | ||
| Q1 25 | $291.1M | $359.4M | ||
| Q4 24 | $287.5M | $320.6M | ||
| Q3 24 | $269.9M | $360.9M | ||
| Q2 24 | $269.8M | $357.0M |
净利润AMPUMP
| Q1 26 | $120.7M | — | ||
| Q4 25 | $51.9M | — | ||
| Q3 25 | $116.0M | $-2.4M | ||
| Q2 25 | $124.5M | $-7.2M | ||
| Q1 25 | $120.7M | $9.6M | ||
| Q4 24 | $111.2M | — | ||
| Q3 24 | $99.7M | $-137.1M | ||
| Q2 24 | $86.0M | $-3.7M |
营业利润率AMPUMP
| Q1 26 | 60.9% | — | ||
| Q4 25 | 33.8% | 2.1% | ||
| Q3 25 | 61.2% | -2.1% | ||
| Q2 25 | 61.0% | -1.0% | ||
| Q1 25 | 60.9% | 2.6% | ||
| Q4 24 | 61.8% | -5.8% | ||
| Q3 24 | 60.2% | -49.4% | ||
| Q2 24 | 56.6% | -0.1% |
净利率AMPUMP
| Q1 26 | 41.5% | — | ||
| Q4 25 | 17.5% | — | ||
| Q3 25 | 39.3% | -0.8% | ||
| Q2 25 | 40.8% | -2.2% | ||
| Q1 25 | 41.5% | 2.7% | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 37.0% | -38.0% | ||
| Q2 24 | 31.9% | -1.0% |
每股收益（稀释后）AMPUMP
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.11 | $0.01 | ||
| Q3 25 | $0.24 | $-0.02 | ||
| Q2 25 | $0.26 | $-0.07 | ||
| Q1 25 | $0.25 | $0.09 | ||
| Q4 24 | $0.23 | $-0.14 | ||
| Q3 24 | $0.21 | $-1.32 | ||
| Q2 24 | $0.18 | $-0.03 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $180.4M | $91.3M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.0B | $829.8M |
| 总资产 | $5.9B | $1.3B |
| 负债/权益比越低杠杆越低 | 1.63× | — |
8季度趋势，按日历期对齐
现金及短期投资AMPUMP
| Q1 26 | $180.4M | — | ||
| Q4 25 | $180.4M | $91.3M | ||
| Q3 25 | — | $76.7M | ||
| Q2 25 | — | $83.0M | ||
| Q1 25 | — | $71.4M | ||
| Q4 24 | — | $58.3M | ||
| Q3 24 | — | $54.0M | ||
| Q2 24 | — | $74.7M |
总债务AMPUMP
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — |
股东权益AMPUMP
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $829.8M | ||
| Q3 25 | $2.1B | $826.2M | ||
| Q2 25 | $2.1B | $824.0M | ||
| Q1 25 | $2.1B | $826.5M | ||
| Q4 24 | $2.1B | $816.3M | ||
| Q3 24 | $2.1B | $833.0M | ||
| Q2 24 | $2.1B | $975.8M |
总资产AMPUMP
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $1.3B | ||
| Q3 25 | $5.7B | $1.3B | ||
| Q2 25 | $5.7B | $1.2B | ||
| Q1 25 | $5.8B | $1.2B | ||
| Q4 24 | $5.8B | $1.2B | ||
| Q3 24 | $5.8B | $1.3B | ||
| Q2 24 | $5.8B | $1.5B |
负债/权益比AMPUMP
| Q1 26 | 1.63× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.50× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $198.9M | $81.0M |
| 自由现金流经营现金流 - 资本支出 | — | $16.8M |
| 自由现金流率自由现金流/营收 | — | 5.8% |
| 资本支出强度资本支出/营收 | 11.1% | 22.2% |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | — | $45.3M |
8季度趋势，按日历期对齐
经营现金流AMPUMP
| Q1 26 | $198.9M | — | ||
| Q4 25 | $255.5M | $81.0M | ||
| Q3 25 | $212.8M | $41.7M | ||
| Q2 25 | $265.2M | $54.2M | ||
| Q1 25 | $198.9M | $54.7M | ||
| Q4 24 | $232.7M | $37.9M | ||
| Q3 24 | $184.9M | $34.7M | ||
| Q2 24 | $215.8M | $104.9M |
自由现金流AMPUMP
| Q1 26 | — | — | ||
| Q4 25 | — | $16.8M | ||
| Q3 25 | — | $-2.4M | ||
| Q2 25 | — | $17.1M | ||
| Q1 25 | — | $13.8M | ||
| Q4 24 | — | $10.0M | ||
| Q3 24 | $184.3M | $-6.0M | ||
| Q2 24 | $147.2M | $67.7M |
自由现金流率AMPUMP
| Q1 26 | — | — | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 68.3% | -1.7% | ||
| Q2 24 | 54.6% | 19.0% |
资本支出强度AMPUMP
| Q1 26 | 11.1% | — | ||
| Q4 25 | — | 22.2% | ||
| Q3 25 | — | 15.0% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | 0.0% | 8.7% | ||
| Q3 24 | 0.2% | 11.3% | ||
| Q2 24 | 25.4% | 10.4% |
现金转化率AMPUMP
| Q1 26 | 1.65× | — | ||
| Q4 25 | 4.92× | — | ||
| Q3 25 | 1.84× | — | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.65× | 5.70× | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 2.51× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AM
| Gathering and compression–Antero Resources | $238.0M | 82% |
| Other | $52.3M | 18% |
| Water handling–third party | $505.0K | 0% |
| Gathering and compression–third party | $295.0K | 0% |
PUMP
| Hydraulic Fracturing Segment | $203.9M | 70% |
| Wireline Operating Segment | $55.4M | 19% |
| Cementing Operating Segment | $29.6M | 10% |
